Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An update from Skanska AB ( ($SE:SKA.B) ) is now available.
Skanska has secured a USD 305 million (about SEK 2.8 billion) contract to renovate and expand a New Jersey university’s computer science center, which will be recorded in the company’s U.S. order bookings for the second quarter of 2026. The project underscores Skanska’s growing presence in U.S. higher-education facilities, a segment where demand for advanced, tech-focused academic space is increasing.
The development includes a 12,200-square-meter, six-story structural steel and mass timber addition housing classrooms, offices and labs, designed as an interdisciplinary hub for computational research and collaboration. Skanska will also refurbish 9,300 square meters of interior space in the historic existing hall, targeting LEED Gold certification and reinforcing the company’s sustainable construction credentials.
Construction began in March 2026, with completion expected in the first quarter of 2030, providing Skanska with a long-duration project that will support revenue visibility over several years. For the university and its stakeholders, the facility is set to enhance capacity and quality of computer science education, aligning with broader trends of investing in STEM infrastructure and sustainable campus development.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK300.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska is one of the world’s largest construction and project development companies, with SEK 179 billion in revenue in 2025 and operations across selected markets in the Nordics, Europe and the USA. The group focuses on innovative, sustainable buildings and infrastructure, leveraging the expertise of about 25,900 employees to deliver projects that shape how people live, work and connect.
Average Trading Volume: 877,012
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.3B
For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.